Key Highlights:
- Ballard Power Systems (BLDP, Financial) posts a Q1 loss of $0.07 per share, surpassing expectations by $0.03.
- Revenue increased by 6.2% year-over-year, although it fell short of estimates.
- The Heavy Duty Mobility segment experienced a significant growth, with bus revenues rising by 41%.
Ballard Power Systems' Financial Performance
Ballard Power Systems (BLDP) recently announced its first-quarter financial results, revealing a loss of $0.07 per share. Interestingly, this performance exceeded market expectations by $0.03. The company's revenue saw a rise of 6.2% year-over-year, reaching $15.4 million, which unfortunately did not meet analysts' predictions.
The company's Heavy Duty Mobility segment stood out with a remarkable 22% growth, primarily fueled by a substantial 41% increase in bus revenues. However, the order backlog experienced a decline of 9%, settling at $158 million.
Wall Street Analysts' Predictions
According to the one-year price targets set by 14 analysts, Ballard Power Systems Inc. (BLDP, Financial) has an average target price of $1.86. The projections range from a high of $5.00 to a low of $1.00. This average target suggests a potential upside of 47.68% from the current trading price of $1.26. For more comprehensive insights, visit the Ballard Power Systems Inc (BLDP) Forecast page.
Brokerage Recommendations and GF Value
The consensus recommendation, derived from 17 brokerage firms, assigns Ballard Power Systems Inc. (BLDP, Financial) an average rating of 3.2, indicating a "Hold" status. The rating operates on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus estimates place the one-year GF Value for Ballard Power Systems Inc (BLDP, Financial) at $6.04, signaling a substantial potential upside of 379.37% from its current price of $1.26. This GF Value represents GuruFocus' assessment of the fair trading value of the stock, calculated through historical multiples, past business growth, and future performance forecasts. For additional detailed data, please visit the Ballard Power Systems Inc (BLDP) Summary page.
